Prop 30 retroactively applies back to beginning of 2012.
There’s no indication that the federal tax cuts will retroactively apply back to 2012 (yet).
That’s why people are dumping this year…Because if it’s favorable, you can always buy things back next year.. Doesn’t just apply to stocks, but lots of long term investments.
You won’t until next year whether you get hit or not, so folks aren’t taking chances…
